John and Ted are opening a business together. They have both agreed to contribute $20,000 to the enterprise. The effective date of their partnership is April 1st. They will each work a minimum of 40 hours per week for 50 weeks out of the year in the business. Which of the following is not a material fact? John and Ted are males Each will work a minimum of 40 hours per week for 50 weeks The effective date of the partnership is April 1st Each will contribute $20,000 to the enterprise